BAE Systems reports $1.1 billion impact on New Hampshire economy
2018 report tallies payroll, subcontracts, charitable donations
BAE Systems contributed $1.1 billion to the state’s economy and hired an additional 1,100 workers in 2018, the company reported on Wednesday.
The total impact was determined by combining $978.8 million in payroll and benefits paid to more than 6,000 New Hampshire-based employees; $135 million awarded for subcontracts and purchase orders to 246 suppliers in the state, including $109.1 million to 186 small businesses; and $1.3 million in charitable funds from the company and its employees to local organizations, according to BAE.
Included in the charitable donations is $471,000 in financial support of higher education, high schools and STEM programs including a $265,000 donation to New Hampshire-based FIRST.
In 2018, the company hired more than 1,100 new employees in New Hampshire, an increased headcount that has pushed operating space to a total of 2.6 million square feet in multiple facilities across New Hampshire to support projected growth in the areas of electronic warfare, threat management, precision munitions, undersea, space, cyber, and autonomy, the company said.
To help expand capacity, BAE plans to move into a 200,000-square-foot campus in Manchester. Once fully staffed, the new facility will house employees primarily focused on supporting the company’s electronic warfare programs, the company said.
To staff the new Manchester office and other facilities in the region, the company said it has more than 700 job openings in business development, engineering, operations, program management, manufacturing, among other other areas.
BAE also reported that it contributed $245.7 million to the Massachusetts economy in 2018, based on aggregate employee salaries, subcontracts and charitable donations. The company said it continues to grow in the Bay State, with more than 60 new hires in the last year pushing its total employee headcount to nearly 400 at facilities in Burlington and Lexington.